Registered number
12719701
Styles and Smiles Shifnal Ltd
Filleted Accounts
31 July 2023
Styles and Smiles Shifnal Ltd
Registered number: 12719701
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 2,000 3,000
Tangible assets 4 610 1,165
2,610 4,165
Current assets
Debtors 5 55 -
Cash at bank and in hand 3,994 8,330
4,049 8,330
Creditors: amounts falling due within one year 6 (7,821) (6,854)
Net current (liabilities)/assets (3,772) 1,476
Total assets less current liabilities (1,162) 5,641
Creditors: amounts falling due after more than one year 7 (644) (703)
Net (liabilities)/assets (1,806) 4,938
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,807) 4,937
Shareholder's funds (1,806) 4,938
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lisa Mountford
Director
Approved by the board on 19 March 2024
Styles and Smiles Shifnal Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 5,000
At 31 July 2023 5,000
Amortisation
At 1 August 2022 2,000
Provided during the year 1,000
At 31 July 2023 3,000
Net book value
At 31 July 2023 2,000
At 31 July 2022 3,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 2,220
At 31 July 2023 2,220
Depreciation
At 1 August 2022 1,055
Charge for the year 555
At 31 July 2023 1,610
Net book value
At 31 July 2023 610
At 31 July 2022 1,165
5 Debtors 2023 2022
£ £
Other debtors 55 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,784 2,784
Trade creditors 1,012 202
Other creditors 4,025 3,868
7,821 6,854
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 644 703
8 Other information
Styles and Smiles Shifnal Ltd is a private company limited by shares and incorporated in England. Its registered office is:
26 Bradford Street
Shifnal
Shropshire
TF11 8AU
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